Major investments

Finance Secretary Ralph Recto (third from left) commends Prime Infrastructure Capital Inc. led by businessman Enrique Razon Jr. (fourth from left) for investing in two big-ticket storage power projects in Luzon that will provide a reliable power supply for Filipinos and advance the Philippines’ climate ambition of transitioning to a clean energy future. The Department of Trade and Industry’s (DTI) Board of Investments (BOI) awarded its certificate of endorsement for green lane to the Pakil Pumped Storage Power Project in Laguna and the Wawa Pumped Storage Power Project in Rizal.